Xperi Q1 2024: Revenue $118.8M, GAAP EPS -$0.29, TiVo OS adds Japanese brand, IPTV 2M subs

Xperi Inc.

2024-Q1 EPS reported -$0.29 revenue$118,844,000

Revenue $118.8M, down 6% YoY from $126.8M; GAAP net loss $13.4M vs $32.9M loss prior year.
GAAP loss per share $0.29, improved from $0.76 loss; Non-GAAP loss per share $0.05 vs $0.04 gain.
TiVo OS to power TVs from an additional Japanese global brand ahead of UEFA Euro 2024.
Video-over-Broadband (IPTV) subscribers surpassed two million, growing double digits.
Connected Car, Media Platform, and IPTV showed strong growth; company reducing expenses.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Xperi Inc. reported the first quarter ended March 31, 2024 results: revenue $ 118.8, net income $ (13.4 ), EPS $ (0.29 ).

Period: the first quarter ended March 31, 2024
Revenue: $ 118.8
Net income: $ (13.4 )
EPS: $ (0.29 )
Result: reported results

Exact text from the filing

set the stage for significant long-term revenue growth and margin expansion.” Financial Highlights GAAP Highlights ($ millions, except per share data) Q1 FY24 Q1 FY23 Revenue $ 118.8 $ 126.8 2 GAAP Operating Loss $ (32.3 ) $ (33.6 ) GAAP Net Loss $ (13.4 ) $ (32.9 ) GAAP Loss per Share attributable to Xperi $ (0.29 ) $ (0.76 ) Non-GAAP 1 Highlights ($

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Source: SEC EDGAR

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